66 million, and the Trust also sold its contingent interest in the post-bankruptcy ADLT
to SP Finance Company, LLC for $350,000.
We look forward to working with Fiberstars on new ADLT
products using Fiberstars CPC technology as well as helping Fiberstars expand its EFO light source offerings.
A majority of the Fiberstars shares owned by ADLT
were awarded to the ADLT
common shareholders when ADLT
emerged from Chapter 11 in December, 2003.
He pointed to the efficient conclusion of the ADLT
Chapter 11 process, which is often messy and drawn out, and noted that Monday's confirmation hearing lasted barely five minutes.
In exchange for Unison assets, Fiberstars will provide ADLT
with warrants to purchase one million shares at one penny each, 250,000 of which are exercisable when the Fiberstars price on the Nasdaq national market reaches $6.
In exchange for the assets, Fiberstars will provide ADLT
with warrants to purchase one million Fiberstars common shares at one penny each, 250,000 of which will be exercisable when the Fiberstars price on the national Nasdaq market reaches $6.
designs, manufactures and markets metal halide lighting products, including materials, system components, systems and equipment.
we have been able to realize real improvement in operating margins through off-shore manufacturing.
announced today the end of forced sales of ADLT
common stock to satisfy margin loans of Wayne R.
We expect the combined expertise of ADLT
and Fiberstars to produce products with price and performance that will appeal to large, general lighting markets.
has introduced 80 percent of the metal halide lamp types used in the U.
Chairman and CEO, will be presenting on Wednesday, March 6 at approximately 11:45 a.